Subject: Economics Context: The Reserve Bank of India (RBI) announced the introduction of risk-based internal audit norms for large urban cooperative banks (UCBs) and non-banking financial companies (NBFCs), as part of measures aimed at improving governance and assurance functions at supervised entities. Concept: The RBI also moved to harmonise the guidelines on appointment of statutory […]
Subject: Economy Context: The Himachal Pradesh government is trying to obtain GIs (Geographical Indication) for five products from the state – KarsogKulth, Thangi of Pangi, Chamba Metal Crafts, ChambaChukh, and Rajmah of Bharmour. Concept: KarsogKulth: Kulthi or Kulth (horse gram) is a legume grown as a kharif crop in Himachal Pradesh. Kulth grown in the […]
Subject: Economy Context: Ministry of Commerce and Industry and Ministry of AYUSH have decided to set up an AYUSH Export Promotion Council to boost AYUSH exports. Concept: Ministry of AYUSH and Ministry of Commerce and Industry will work together for establishing an AYUSH Export Promotion Council (AEPC). The proposed AEPC can be housed at Ministry […]
Subject: Environment Context: Leaving their known habitat in Dhari in Gir (east) wildlife division in Amreli district, three Asiatic lions have walked around 100 km to reach Jasdan taluka of Rajkot district, Gujarat and have been camping in a grassland and revenue areas of Jasdan for a week now. Concept: Lions keep moving from surrounding […]
Subject: Culture Context: Tourists can no longer get too close to the iconic stone chariot in front of the VijayaVittala Temple at Hampi, a UNESCO World Heritage site. Concept: The architectural marvel, one of the most photographed monuments, has been cordoned off by a chain barricade by the Archaeological Survey of India (ASI). The ASI […]
Subject: Economics Context: The Reserve Bank of India (RBI), in its bi-monthly monetary, has decided to keep the repo rate unchanged. Concept : This is the third time in a row the central bank has kept the key rates unchanged. The status quo on monetary policy was as expected by most economists, amid high levels […]
Subject: International Affairs Context: At a United Nations General Assembly session on ‘Culture of Peace’, India pointed out that UN resolutions on important issues speak only of Islam, Judaism, and Christianity. Concept: Key UN General Assembly resolutions over the years have categorically condemned and voiced concern over the increase in anti-Semitism, Christianophobia and Islamophobia in […]
Subject: Economy Context: One year has passed since, the Prohibition of Electronic Cigarettes (Production, Manufacture, Import, Export, Transport, Sale, Distribution, Storage and Advertisement) Act, 2019 was notified. Concept: The Act categorizes production, manufacture, import, export, transport, sale, distribution, storage, and advertisement of e-cigarettes and similar devices as cognizable offences. The Act stipulates that persons found […]
Subject: Economy Context: Global tax rules must be rewritten to bring in more transparency and make tax revenues available for development. Concept: A report was jointly launched by Tax Justice Network, Public Services International and the Global Alliance for Tax Justice. Called “State of Tax Justice 2020” that tells us how much each country in […]
Daily Prelims Topic United Nations General Assembly session on ‘Culture of Peace GI Tags and WIPO Gir lions Daily Mapping Shetrunji River GirNational Park and Wildlife Sanctuary Daily Facts A recent report by Accenture estimated that in India transactions worth $270.7 billion are expected to shift from cash to cards and digital payments by 2023 and […]